University of Miami School of Law CourseLink Course Description - Online System
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Fall 2020

Course Description
This course will cover the federal income tax treatment of partners and partnerships (including the taxation of limited liability companies and other entities treated as partnerships for income tax purposes). Topics to be covered include: (i) what is a partnership?; (ii) the entity theory versus the aggregate theory of partnership taxation; (iii) capitalization of a partnership, including contributions of appreciated or depreciated property; (iv) taxation of ongoing partnership operations; (v) partnership distributions; (vi) partnership allocations and substantial economic effect; (vii) inside and outside basis determinations and the treatment of liabilities under IRC Section 752; (viii) partnership terminations; (ix) IRC Section 754 and other special basis elections. The course will also cover the taxation of S corporations, focusing primarily on the organization, operation, and termination of S corporations, while contrasting them with other forms of business entities.

Course Schedule
Dates Day Time Room
08-17-2020 - 11-17-2020   R  4:10 PM-7:10 PM DL

Course Frequency

Course Information

Credits: 3
Pass/Fail Option: No
Method of Evaluation:
Graduation Requirements Fulfilled By Course: None
Special Attributes:
LL.M. Course
Course Delivery:
Online (all synchronous)
Special Restrictions: Open to JD students with permission of the Estate Planning Program. Students should send an Course Approval Request email to Laura Adams at with the name of the LL.M. in Estate Planning course(s) and a current transcript.
Law Track(s): None
Bar Subject(s): None
The Business of Innovation, Law and Technology: BILT (Concentration)   More information
Course Book(s): TBD/None      
First Class Assignment(s): TBD/None



Contact Information: